Citigroup Issues Pessimistic Forecast for Loar (NYSE:LOAR) Stock Price

Loar (NYSE:LOAR) had its price target dropped by equities researchers at Citigroup from $83.00 to $71.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 23.26% from the stock’s current price.

Several other equities analysts have also issued reports on LOAR. Zacks Research upgraded Loar to a “hold” rating in a research report on Monday, March 9th. Royal Bank Of Canada dropped their price objective on Loar from $92.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Weiss Ratings restated a “hold (c)” rating on shares of Loar in a report on Monday, December 29th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $98.00 target price on shares of Loar in a research note on Thursday, February 26th. Finally, Wall Street Zen lowered shares of Loar from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Loar has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

Loar Trading Down 1.6%

Shares of LOAR stock traded down $0.93 on Thursday, hitting $57.60. 320,126 shares of the company’s stock traded hands, compared to its average volume of 1,013,114. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 76.88 and a beta of 0.34. The company’s fifty day simple moving average is $66.00 and its 200 day simple moving average is $70.89. Loar has a one year low of $54.58 and a one year high of $99.67. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.98 and a current ratio of 4.70.

Loar (NYSE:LOAR) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. Loar had a net margin of 14.54% and a return on equity of 7.54%. The business had revenue of $131.75 million during the quarter, compared to the consensus estimate of $128.00 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. Equities analysts forecast that Loar will post 0.28 EPS for the current year.

Insiders Place Their Bets

In other Loar news, Director Paul S. Levy acquired 75,000 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $64.90 per share, for a total transaction of $4,867,500.00. Following the transaction, the director owned 8,087,580 shares in the company, valued at $524,883,942. This represents a 0.94% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony Carpenito bought 4,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $64.97 per share, with a total value of $308,607.50. Following the acquisition, the director owned 4,750 shares of the company’s stock, valued at $308,607.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 173,800 shares of company stock worth $11,327,673. Corporate insiders own 22.60% of the company’s stock.

Institutional Investors Weigh In On Loar

Institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. boosted its holdings in shares of Loar by 238.3% during the 4th quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after buying an additional 417 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Loar by 39.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,533,540 shares of the company’s stock worth $172,281,000 after acquiring an additional 711,182 shares in the last quarter. Vident Advisory LLC purchased a new position in Loar during the 4th quarter valued at about $259,000. XTX Topco Ltd bought a new stake in Loar during the fourth quarter worth about $4,391,000. Finally, Zimmer Partners LP boosted its stake in Loar by 111.5% during the fourth quarter. Zimmer Partners LP now owns 275,000 shares of the company’s stock worth $18,700,000 after acquiring an additional 145,000 shares in the last quarter.

Loar Company Profile

Loar Holdings Inc, through its subsidiaries, designs, manufactures, and markets aerospace and defense components for aircraft, and aerospace and defense systems in the United States and internationally. It offers products in various categories, which include airframe components, structural components, avionics, composites, braking system components, de-ice and ice protection, electro-mechanical, engineered materials, flight controls, fluid and motion controls, environmental, metal forming, molded components, and restraints and safety devices.